VMS Ventures Inc.: Drill Hole RD-08-61 Intersects 100.19 Metres of 3.59% Copper, Including 9.71 Metres of 17.79% Copper at Reed Lake Discovery Zone, Snow Lake, Manitoba: Financial News

VMS Ventures Inc.: Drill Hole RD-08-61 Intersects 100.19 Metres of 3.59% Copper, Including 9.71 Metres of 17.79% Copper at Reed Lake Discovery Zone, Snow Lake, Manitoba
Wednesday October 1, 2008 6:30 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 1, 2008 -- VMS Ventures Inc. (CDNX:VMS.V - News) (the "Company") is pleased to announce assay results from drillholes RD-08-58, RD-08-59, RD-08-60 and RD-08-61 at its Reed Lake Discovery Zone near Snow Lake, Manitoba.

 

Highlights:

   - RD-08-61 Intersects:    100.19 metres (328.70 feet) of 3.59% Copper
                 Including   40.50 metres (132.87 feet) of 7.79% Copper
                 Including   16.33 metres (53.58 feet) of 14.58% Copper
                 Including   9.71 metres (23.59 feet) of 17.79% Copper

   - RD-08-58 Intersects:    26.74 metres (87.73 feet) of 2.51% Copper
                 Including   13.03 metres (42.75 feet) of 3.36% Copper


TABLE ONE
REED LAKE DRILLHOLES(i)
RD-08-58, RD-08-59, RD-08-60 and RD-08-61

------------------------------------------------------------------------
             FROM       TO  INTERVAL  COPPER   ZINC    SILVER       GOLD
HOLE ID        (m)      (m)       (m)     (%)    (%)     (g/t)      (g/t)
------------------------------------------------------------------------
RD-08-58   251.36   278.10     26.74    2.51   0.05   Pending    Pending
------------------------------------------------------------------------
inc        259.80   272.83     13.03    3.36   0.06   Pending    Pending
------------------------------------------------------------------------
RD-08-59   125.23   125.80      0.57    2.76   0.63   Pending    Pending
------------------------------------------------------------------------
and        185.01   223.41     38.40    0.92   0.05   Pending    Pending
------------------------------------------------------------------------
and        221.41   223.41      2.00    6.94   0.26   Pending    Pending
------------------------------------------------------------------------
RD-08-60   326.22   327.10      0.88    2.40   0.90   Pending    Pending
------------------------------------------------------------------------
and        331.88   332.56      0.68    1.15   0.07   Pending    Pending
------------------------------------------------------------------------
RD-08-61   139.00   144.89      5.89    2.26   0.98   Pending    Pending
------------------------------------------------------------------------
and        231.51   331.70    100.19    3.59   0.11   Pending    Pending
------------------------------------------------------------------------
inc        231.51   272.01     40.50    7.79   0.07   Pending    Pending
------------------------------------------------------------------------
inc        254.37   270.70     16.33   14.58   0.13   Pending    Pending
------------------------------------------------------------------------
inc        254.37   264.08      9.71   17.79   0.14   Pending    Pending
------------------------------------------------------------------------
and        372.32   373.25      0.93    3.61   0.51   Pending    Pending
------------------------------------------------------------------------
(i) True Thickness unknown

Vice President of Exploration, Dr. George Gale, states, "Hole 61 demonstrates that the B lense has potential to host exceptional copper grades. The lower intersection at 372.32 m may very well represent the beginning of a new and deeper B-type lense, which also occurs within the alteration zone rocks. We will continue to focus our investigations on locating the source for this mobilized mineralization."

All technical information in this release has been reviewed by Dr. George Gale, P.Eng., Vice President, VMS Ventures Inc.

VMS Ventures Inc. currently has a profile on Corebox.net which is updated as soon as assay results are released. The link to visit our Corebox profile is: http://www.corebox.net/properties/reed_lake/.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada's third largest nickel producing camp. The Company's project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc., President & Director

The TSX Venture exchange does not accept responsibility for the adequacy or accuracy of this release.